Adaptation, anticipation and social-reference effects on happiness are strongly interrelated phenomena. However, in the existing empirical literature these phenomena are mainly studied in isolation from each other. Therefore, using SOEP panel data for the years 1984–2007, this study offers an integrated investigation of the implications of these three phenomena for the dynamics of individual life satisfaction. ...
In:
Journal of Public Economics
105 (2013), September 2013, 131–149
| Maarten C.M. Vendrik